Waiting for a price action pattern to determine an entry
Looking back:
I mentioned about XAUUSD in my post last week about waiting for a price action pattern to determine an entry @ zone 1217-1227. The price of Gold actually went back to 1212 before plotting big move to 1233 in only one day.
Weekly Chart:
Bullish pin bar with rejection of low price @ zone 1212-1216
Daily Chart:
Friday closed with a small Doji.
Watch out:
1. There might be a retest @ zone 1214-1224
2. Zone around 1236 might be the 1st resistance
3. Zone around 1243 might be 2nd resistance
Action:
Waiting for a price action pattern to determine an entry @ zone 1214-1224
I mentioned about XAUUSD in my post last week about waiting for a price action pattern to determine an entry @ zone 1217-1227. The price of Gold actually went back to 1212 before plotting big move to 1233 in only one day.
Weekly Chart:
Bullish pin bar with rejection of low price @ zone 1212-1216
Daily Chart:
Friday closed with a small Doji.
Watch out:
1. There might be a retest @ zone 1214-1224
2. Zone around 1236 might be the 1st resistance
3. Zone around 1243 might be 2nd resistance
Action:
Waiting for a price action pattern to determine an entry @ zone 1214-1224
トレード稼働中:
Zone 1224 retested twice. Order has been filled with profit.
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